FAAC: FG, States, LGs Share ₦604bn In October

FAAC: FG, States, LGs Share ₦604bn In October

The three tiers of government shared a total of ₦604bn in the month of October 2020.

This was disclosed by the Federation Accounts Allocation Committee (FAAC) in a communique it issued in Abuja after its meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed.

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Out of the ₦604bn, the Federal Government received ₦220.751n, states got ₦161.8bn, while the Local Government Areas got ₦120.58bn.

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